DeFi Development Corp. (Nasdaq: DFDV) will distribute tradable warrants to its shareholders, offering one warrant for every ten shares held as of October 23rd. The distribution, set for October 27th, will total approximately 3.3 million warrants. Each warrant allows the purchase of one common stock share at $22.50, exercisable until January 21, 2028. The warrants will be listed on the Nasdaq Capital Market under the symbol DFDVW. Additionally, convertible bonds maturing in 2030 will be distributed on a conversion basis.
The company aims to raise up to $73.5 million if all warrants are exercised, funding general corporate purposes, SOL-related acquisitions, and working capital. DeFi Development also announced a partnership with Superteam Japan to launch Japan's first Solana treasury project, DFDV JP.
DeFi Development Corp. to Distribute Tradable Warrants to Shareholders
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